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SpeedDemon13
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September 10, 2015, 07:52:52 AM |
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That's all and dandy, but your not accounting for market volume and prices per bid and asking prices base on volume. None of the network hashrate is ever stable, there is spikes and dips also or the time per block. You have to account for variances and a tolerance of sort on mining, solo or pool.
It is only a snapshot in time. - "Not accounting for market volume": 3 BTC per day doesn't usually count a reliable market volume - "Network Hashrate": Network hashrate has been very stable in relation to market price - hovering between 7 GH to 15 - "there is spikes and dips also or the time per block": correct. This is due to the slow (very slow) difficulty adjustment of Ethereum code (oops sorry Shift!)... It went from 15 sec per blocks, to 30 sec per blocks over the last week. - "variances and a tolerance of sort on mining, solo or pool": 20 blocks snapshots at pools usually gives a very good approximation of the current state of a network. Putting all economics and politics to the side, do you support the coin you wish to invest/mine in? That's the main question, people mined BTC and LTC at a lose for a year or so until they realize the fruits of their labor. |
CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911 |
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SpeedDemon13
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September 10, 2015, 08:10:55 AM |
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Putting all economics and politics to the side, do you support the coin you wish to invest/mine in? That's the main question, people mined BTC and LTC at a lose for a year or so until they realize the fruits of their labor.
Ethereum is a platform for smart contract - not a currency. Cloning Ethereum is futile. Ethereum has mechanisms in place to remove the volatility of the ETH vs GAS. GAS is required to run contracts, not ETH. By adjusting the GAS price vs ETH price, ETH price remains stable. Therefore, speculating on ETH is futile. I never quoted ETH as a currency. ETH will always be ETH, no clone can take that away from them and they pioneer the way for clones to make their own ideals separate from ETH. Everything in crypto is speculated, even BTC. It's the underlying tech of crypto which are the most important parts, may it be blockchains, smart contracts/DAPPS, DAO, PoC, etc.... |
CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911 |
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Mysterion
Newbie
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Activity: 48
Merit: 0
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September 10, 2015, 08:17:21 AM |
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Putting all economics and politics to the side, do you support the coin you wish to invest/mine in? That's the main question, people mined BTC and LTC at a lose for a year or so until they realize the fruits of their labor.
Ethereum is a platform for smart contracts - not a currency. Cloning Ethereum as a coin is futile. Therefore, speculating on ETH price is futile. Same goes to clones of Ethereum. Right, so what happened when I bought ETH at 0.02 and sold at 0.09? Didn't feel like a futile action to me.. |
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SpeedDemon13
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September 10, 2015, 08:56:51 AM |
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Right, so what happened when I bought ETH at 0.02 and sold at 0.09? Didn't feel like a futile action to me..
 Wow! You are the next contestant on the Price is Right! ETH never went to 0.09... stop the BS! Maybe 0.008 for a brief moment... From an economic stand point, the people that invested in the IPO/ICO at $0.30 an ETH are the big winners from a profit aspect. I don't remember ETH going above .0075. I never quoted ETH as a currency. ETH will always be ETH, no clone can take that away from them and they pioneer the way for clones to make their own ideals separate from ETH.
Everything in crypto is speculated, even BTC. It's the underlying tech of crypto which are the most important parts, may it be blockchains, smart contracts/DAPPS, DAO, PoC, etc....
pioneer the way for clones to make their own ideals separate from ETH. Totally agree! It is the main purpose of clone to forward new ideas! What are the new ideas brought forward by Shift? To be announced! We have great plans! Ok. Everything in cryptos is mostly wait and see. If you have a complaint about it, then do something about it. Maybe create your own coin, algo, etc..... Criticism, debate and arguing is fine, but make it constructive and progressive..... |
CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911 |
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Mysterion
Newbie
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Activity: 48
Merit: 0
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September 10, 2015, 10:15:05 AM |
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Right, so what happened when I bought ETH at 0.02 and sold at 0.09? Didn't feel like a futile action to me..
Wow! You are the next contestant on the Price is Right! ETH never went to 0.09... stop the BS! Maybe 0.008 for a brief moment... Forgot a 0, ath was 0.00888, please excuse my mistake  |
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123sss
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September 10, 2015, 10:44:38 AM |
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where dev? why no news?
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Phantas
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September 10, 2015, 10:51:33 AM |
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where dev? why no news?
You want news every day, it's not possible. and dev answered on some question today at Today at 07:01:03 AM. I think there are lots of trolls from eth or kids? |
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animl69
Newbie
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Activity: 1
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September 10, 2015, 10:52:32 AM |
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Probably the most promising coins out there
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Meladon
Newbie
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Activity: 36
Merit: 0
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September 10, 2015, 11:05:24 AM |
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Looks really interesting but where is the premine adress?
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randywv
Newbie
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Activity: 1
Merit: 0
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September 10, 2015, 11:06:17 AM |
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Looks really interesting but where is the block explorer and where is the premine adress?
Blockexplorer just search Ethereum block explorer on google and there is no premine address because this is not a premine scam |
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Meladon
Newbie
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Activity: 36
Merit: 0
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September 10, 2015, 11:14:05 AM |
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Looks really interesting but where is the block explorer and where is the premine adress?
Blockexplorer just search Ethereum block explorer on google and there is no premine address because this is not a premine scam I saw it in the op, there is a premine as stated in the op. |
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ShiftConnect
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September 10, 2015, 01:25:30 PM |
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Looks really interesting but where is the block explorer and where is the premine adress?
Blockexplorer just search Ethereum block explorer on google and there is no premine address because this is not a premine scam I saw it in the op, there is a premine as stated in the op. Yes, as stated previously there is a premine of 250k SHF. Currently the coins are split between 3 people (Core devs and me). We are in talks with altsheets who offered to contribute and extend the current block explorer. As soon as address search is supported we will publish the addresses holding the premine. |
SHIFT Response Team
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Hix
Legendary
Offline
Activity: 1971
Merit: 1036
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September 10, 2015, 03:14:55 PM |
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where dev? why no news?
You want news every day, it's not possible. and dev answered on some question today at Today at 07:01:03 AM. I think there are lots of trolls from eth or kids? 09.06 rebrand & Bounty system 09.07 Roadmap etc... Where are this news? |
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ShiftConnect
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September 10, 2015, 04:27:35 PM |
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where dev? why no news?
You want news every day, it's not possible. and dev answered on some question today at Today at 07:01:03 AM. I think there are lots of trolls from eth or kids? 09.06 rebrand & Bounty system 09.07 Roadmap etc... Where are this news? Hi Hix, we had to put that plan on hold after after several people made us aware of the tx bug, where payments went missing. So we decided to spend an extended amount of time working on the core functionality before progressing. |
SHIFT Response Team
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fartbags
Legendary
Offline
Activity: 1190
Merit: 1004
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September 10, 2015, 05:45:42 PM |
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This coin is great. I will buy some more. The order books are filling up.
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tamara163
Legendary
Offline
Activity: 1027
Merit: 1000
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September 10, 2015, 06:58:43 PM |
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help to sync the wallet I have connection state:connected with 0 peers  |
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reb0rn21
Legendary
Offline
Activity: 1898
Merit: 1024
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September 10, 2015, 07:05:06 PM |
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This coin is great. I will buy some more. The order books are filling up.
That nothing, dump 20% mined coins per 24h and we are down 50%, real support could only be possible at 0.0000x range I hope so, real dump also gona start as soon premine got distributed for baunties |
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reftop123
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September 10, 2015, 07:08:02 PM |
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Anyone know how to mine with 1gb gpu memory? Or it is impossible now?
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Gumbork
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September 10, 2015, 07:33:55 PM |
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It looks like all the support will be moving to 10k to 8k i guess miners will continue to dump more.
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Mysterion
Newbie
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Activity: 48
Merit: 0
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September 10, 2015, 07:41:00 PM |
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It looks like all the support will be moving to 10k to 8k i guess miners will continue to dump more.
Mining profitability has declined a lot with the price but seems to be slightly above average still. But that's just the way things go. Even if it's only a minority of people mining at no or very little cost and dumping for miniscule margins, PoW will always find equilibrium. Personally I see that as a good distribution but I feel for anyone who bought high and is watching the price drop day after day. |
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